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Rams Park Apartments Acquired for $12,200,000; Greystone Unique Apartment Group Represents Purchase of 48 Unit Asset

Posted by Unique News Team on September 27, 2017
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Fort Collins, CO (September 27, 2017) — Greystone Unique Apartment Group, multifamily division of Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, recently brokered the sale of a 48-unit multifamily asset located at 2226 West Elizabeth Street in Fort Collins, Colorado. The Property sold for $12,200,000 or $254,166 per unit and closed on September 18, 2017.

 

Rams Park Apartments consists of two identical, 3-story buildings and was recently constructed in 2002. Individual units feature balconies or patios, fireplaces, washer/dryer, and individual gas/electric services. The Property consists of one (1) one-bedroom unit, twenty-four (24) two-bedroom units and twenty-three (23) three-bedroom units. Rams Park Apartments is conveniently located one and a half miles west of Colorado State University main campus. The excellent location provides residents easy access to nearly every part of Fort Collins and a wide range of outdoor activities. The buyer was attracted to the growing Fort Collins population, low vacancy rates and prime location.

 

To schedule an interview with an advisor regarding this transaction or for more information about Greystone Unique Apartment Group, please contact: Phil Dankner at pdankner@uniqueprop.com  or 303.645.4796.

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